Dubai Maritime City Authority announced that it has recently signed a memorandum of understanding with Confitarma, the Italian Ship owners' Association.

The agreement calls for synergic cooperation between the two parties to promote the growth of the maritime industry in Dubai and Italy.

Under the MoU, the two parties will jointly facilitate the exchange of ideas, know how and policies that promote mutual growth and help in consolidating the global maritime industry. The parties will likewise explore new forms of cooperation in areas that include advanced services for the shipping industry, while collaborating in the development of new investments for the two parties.

Mr John Ewing CCO of Dubai Maritime City Authority said that “Dubai Maritime City Authority is pleased to sign this agreement with Confitarma, an organization that we value as a critical ally in our pursuit of global growth and excellence. This partnership delivers a strategic gain for Dubai as our Italian counterparts have a very dynamic shipping industry, which serves as a critical link to European markets. Moreover, this will be another opportunity to showcase the unprecedented development concept and the state of the art facilities within Dubai Maritime City.”

Mr Ewing added that 'We are likewise delighted with the enthusiastic response of Confitarma to this initiative. The Italians have been greatly impressed with the highly innovative concept of Dubai Maritime City, which has been designed to provide all the requirements of the international maritime industry, including a full range of industrial, commercial, residential and leisure facilities. Dubai Maritime City's fully integrated development concept has been a key factor in the Italians' strong interest in this groundbreaking agreement.”